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  CNN    CNN Newsroom    News/Business. New.  

    September 13, 2010
    11:00 - 12:58pm EDT  

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just happy and healthy as well, and my mindset stays -- you know, i know what to do and, and i know whether i'm done playg tennis, i have now family. >> talk about pressure. she says she sometimes hears h daughter jada calling her during a match. can you imagine that? she says there are mes that you need to stay quiet when watching tennis. she's 2 1/2. >> mychildren call and say, dad, can you send me more money. unlike fish oil, megared softgels are small and easy to swallow with no fishy smell or aftertaste. try megared today. >> she's married to brian leetch, double specialists from his playing days, and she is actually better than before she had her daughter. she's a better player now. >> i bet jada will be a great tennis player, too. >> i would imagine so. hello, live from studio 7 at cnnorld headquarters, the big stories today, the struggle to find a job after doing time. local governments looking for well, pack your bags for china. pauline chu, the help wanted signs are out. >> how do you say it? >> reporter: roxanna considers herself luck toy have this job as an english tutor. even with a degree in marketing,
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ways to move ex-cons from the prison system to the payroll. >> chronic joblessness is a direct cause for the growth of the illegal or informal economy and with that is a culture of gunshot wounds. >> if you are out of a job, consider heading east, the far east. hong kong has the help wanted sign out. the new documentary waiting for "super man" the filmmaker hoping to inspire americans to look at the way we teach our the aican could not find a job for an entire yea and finally told her mother she was going to take a bold step. >> i think i am going to go to china. she's like, are you crazy? you're going to go to china? i was like, yeah, china. that's where i going to go. >> very good job. >> reporter: roxanna sengsed the opportunities were in asia. last year she applied online for teaching jobs in china and got three offers. her pull towards asia is not kids. >> if we don't fix our public schools for everybody, we're in trouble. >> good morning, everyone, i'm tony harris. those stories and your comments right here right now in the cnn newsroom. is a tax issue that will affect your finances. pay attention, everyone. this is serious stuff here. lawmakers returning to washington today face a debate over extending the bush tax cuts set to expire at the end of the unusual these days. hayes recruitment firm says its asia firm handled a 30% increase in job applicants over the past six months. from the eekers are u.s., uk and australia. >> feelings from trafrom austra. i wanted to kickstart my career. >> reporter: bank, hiring again and casting a wide net for top talent, but are the salaries the same?
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year. president obacama wants to keep them in place only for those making less than $250,000 a year. the top house republican wants to extend them for everybody but he says he's willing to go along with the administration. >> if that's thenly option i ve is to vote for some of those tax reductions, i'll vote for them, but i've beenpo makin the point now r months that we need to extend all of the current rates for all americans. >> good question. we've certainly seen at least 15% increase on base salaries. >> reporter: while the bulk of the jobs here i hong kong are in ,banking, finance and law, o the mainland, a lot of sectors are hiring. china needs industrial engineers and hushen planners and architects for stimulus projects. on the mainland, reported upswing?in overseas chinese returning for if we want to get our economy going again. >> porolitics aside for a momen. let's look at the economic impact of extending the bush tax cunts. that was a topic on your money with our chief business correspondent ali velshi. >> let's talk about tax cuts for us, average americans. how does that money flow through the economy and encourage spending and hiring? this is the one everybody thinks should stay in place, the extension of tax cut to the middle class. obvious. that graphic didn't need to be jobs. also noticed an interesting ike in demand f math and science teachers at ternational schools on the mainland. perhaps as a result of more xpats moving to cities like beijing and shanghai. some schools offers relocation andce housing allowances to attract teachers. ba in hong kong, roxanna plans to eventually return home to california, but with the u.s. unemployment rate at 9.6%, she's not rushing to buy her plane ticket.
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complicated did it? >> no. it's clear. lot of money. if you raise my taxes, i'll have less. if you keep my tax cuts in place, i can continue to spend as i have been doing. it's not if they keep them, we will see a big change. it will be status quo. >> because we'res a using the word tax cut but we' talking about keeping taxes where they are. >> taxes are scheduled to expire but it is a tax cut relate toif >> actually i am very nervous to go back. like, we'realkingbout maybe going back in a year or so. and i'm really -- i still don't- i still don't know if i'll find work. >> reporter: until then, it's a waiting game until the time is right. >> not to u. not o. >> a. >> good job. >> reporter: pauline chu, hong kong. some of people behind the what current law would have it be. >> this is the one that's absolutely in contention, the top one or two, depending on how you want to do the math, wealthy ericans. the bottom line there is the same as everybody else, you give people a tax break, they spend it. the top line, if you give wealthy people a tax break, they masave it but the middle one is where it gets interesting. day's top stories -- homes suddenly blown away from a gas line explosion. >> holy [ bleep ]! what the [ bleep ] is that? is that a plane crash? >> wow. that iss strong. residents of a charred california neighborhood see their homes for the first time while investigators look into what went wrong. natural gas, a cheaper but controversial way to get it out of the ground known as fracking underat scrutiny for contaminatg
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maybe they'll invest is in a start-up business that pays a ptter return. they get to hire people and those people that they hire then end up spending money. that, rose ann, if it were to work, that would be lovely. >> that would be lovely. and the question here is what kind of bang for the buck to you get when you give wealthy people more money. as you said, a lot of them are just going to save it. and, okay, they save it and it drinking water. >> any fossil fuel coal, oil, gais -- they don't see the dirtside. this is the dirty side of natural gas. it's clean to burn but not clean to get. >> and you're online right now. we are, too. maria following what's hot. >> tony, from cnn.com. you don't have to be rich to rent an island, and when in doubt,ut it to music. taylor swift sing as song for goes into investment, i can't guarantee they are going to invest in u.s. companies. >> the world is our oyster, and we know that growth in other places is often stronger than here. >> so, so, so -- how much are the tax cuts we're talking about?mu how much? how long have then been in place? josh levs crunching the numbers. >> here's the deal. when we take a look at what's going on with the tax cuts, the majority of them on both sides kanye west. sh forgives him. >> i need gaga. tax cuts promised t be a hot topic in washington this week. everyone pay attention. has lawmakers on capol hill decide will affect wall street and main street. the debate is over extending the bush tax cuts set to expireth a the end of the year. president obama wants to keep them in place for those making less than $250,000 is year. the top house republican wants to extend them for everyone, bu
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want to keep them. we a ta talking about something that goes back to the bush administration. to drill this home for you, i want to give you examples of what has happened when basally brackets were lowered. we have our nice avatar couple that we use from time to time. we are ing information from a tax calculator, a tax palz center nber. imagine that this couple is making 7,000 a year. >> that' good money in. >> if the only option i have is to vote for some of those tax .edaukrr reductions i'll vote for for them. i've been making the point for months wneed to extend all current rates for all americans if we want to get our economy going again and get jobs in america. >> the issue whether to extend the tax cuts is a political issue but raises questions about o isonsidered rich and whether keeping the tax cuts will help the economy. >> that's right in the middle range of what middle class isddc amica. middle class is a huge broad term but middle of the middle, you are getting around here. so $57,000, the tax liability is about $35. if the cuts were to expire, it would jump about $2,000 which is a big chunk of change for a family in that situation. they would feel it. no one is talking about removing their taxcuts. president obama wants to keep those cuts and republicans want chief business correspondent and host of "cnn newsroom" at one time, ali velshi joining us from new york. ali, $250,000 and more. is there any debate as to whether or not that makes you alwethy in the united states o america? >> lots of debate about that. that, of course, he as to do wi the cost of housing, living, certainly in places like new york and san francisco. good arguments that doesn't make you wealthy, but divides up into 97% of the population,
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to keep the cuts. this needs to be extended or this will happen. let's go to the next scalpel. let's say they get $106,000 per year, curnt tax liability about 0.40 >> if you are making $106,000, you are not in the middle class at tt point, are you? >> no, they're happens not but they are not talking about removing the tax cut because this is a couple making less than $250,000 a year. households earning less than that. 3%, earning more than that. so politically, get more money out of t very rich. not politically influential and can get us $670 billion to $680 ffllion into the federal coffers. >> would you agree if making $250,000 or more in america you're doing pretty good? youht are right, we jummed into high incomes. only a small portion of america gets six-figure salaries but it would jump up to here. it is not expected to. this i an example of what would change if it expires as president obama wants it to. they make more than $250,000. they are at almost $400,000. when you g to the second hundred thousand and third hundred thousand, it is a bigger >> generally true. yeah. if you are earning more than $250,000 as family or as an individual you are doing prty well. the issue is what will you do with the tax cut if you lose it? what happens if you end up getting that rescinded as the obama administration wants to do? what affect lieutenant thwill i economy? that's $700 billion bac into federal coffers to helpeduce the deficit or whatever else it will be. don't take the cut away, in
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chunkf change. taxes about $100,000. if it expired, it would jump about $6,000 and that would ha uppen if this i ultimately dropped. this is the question -- will the 250 thing happen or not? if what president obama wants p happens, people in these situations will pay more. >> do this for me, when we do this again,t let's look at $251,000. >> i did, and you can barely see anything because at $251,000 you are barely above, it's only on theory, republicans saying, people will invest that money. they will invest it incompaniess and instill confidce in the economy, this is an anti-rich people administration. unclear whether it will work. we're having a tough time making decisions between spending and taxes, and that's what's going to have to happen. we have to face the music on this. t onwell the point of question is, what percentage of the money already given to the wealthy through the bush tax cuts has the 1, and you have to factor if fef 401t'(k)s, and it's only on the tax. you have to jump up to the $300,000 to see the difference. it is only the income above $250,000. only the income above $250,000. what is better for the economy? what builds the economy? leaving it in the hans of people to spend? at the wte house, gone to investing? >> well, that's a good question. we don't have an absolute answer to that. one of those things where it's less of a science than an art. creates a sentiment. tax people at a low are rate in theory they feel better about the economy, use the money in a good way. say people did ta'vkehe money they've saved on taxes and invested it. don't know how in a way they're -- doesn't helpt. anybo
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president rityama's national security team updating himon the war in afghanistan. the final brigade deployed under the president's surge strategy isow on the job in afghanistan as the 9/11 anniversary passed and whether the capture of osama bin laden is necessary for victory. >> symbolically, bin laden is in a class by himself but you make an important point. over the years we have eliminat the operational w leaders and now we see if they're doing that. the bottom row there, they could beif spending. if you spend, you create jobs. you create demand. that can help the economy. that's got the same effect on wealthy americans and middle class americans. those with the lower income spend a great amount of what they earn or spend in taxes on day to day needs. greater effectiveness there. look at midd line, tony. wealthy americans may berone to invest then in they don't pay in taxes. if they invest they might invest replacement leaders come up, and taking out that level of leadership is a critical part of the strategy because they're the most experienced planners and they're the people with the ability to put together the schemes and train and launch the attacks, and so while we would all like to get bin laden, the fact is getting the operational leaders is a critical part of success. new particulars are in on hurricane igor. cnn meteorologist rob marciano has this. >> this explodedver the in a start-up company. that start-up company may hire people. those people who are hired then may end up spending money, and that virtuous circle. a couple problems. may invest in the stock market or companies that don't operate in the u.s. or maybe in china or india, brazil where so much buness is being done this way. this is the pobm with the whole debate. politicians present it as if there is a straight line between tax cuts and prosperity. the straight line simply does
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weekend, and the latest advisory from the national hurricane center, it exploded out in the atlantic. it's a cat 4 now with winds of 150 miles an hour, on the verge of becoming a category 5. well-defined eye,go continues t go to e west toward the leeward islands. just about 2,000 miles from any particular point in the u.s. and that, of course, is concerning, not exist t. one other thing. by t way, every time you and i have a conversation about taxes on this show it ends up on a re liars.ng we' i will tell youlk this. everybody talk about the reagan tax cuts. when reagan ctaut thoset tax, they were at a much higher level than now and a lot of room to cut. we're t talking about that much room between etending the tax cuts and what will happen if you don't extend the tax cuts. it's very unclear it will have on the e an effect company that some lp have you believe. >> i love that they're talking considering it's movement. let's talk about the track of this thing. this is the forecast from the national hurricane cente keeps it at major hurricane strength here over the next five days. we do begin to see a right turn, northerly turn. that's good. days four andfive, that spread still has it lined up with the u.s. so we have to watch it very, very carefully. we have picture s in from nasa. >> we do? about these issues. >> as long as they're talking about it and spelling our name right. >> that's it. on the other hand, final point here -- isn't it clear that when you cut tas, regardless of what wealthy people do, whether they do, in fact, invest, spe, then spending at least hiring, isn't it clear that when you cut taxes to people in the middle class they use that money in their day-to-day lives? >> well, you know, it's a fact that the lower you are on the income scale, a greater
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we pics? >> this personality in my head told me this. lookt that, yeah, t love that shot. it's a closeup picture of that beast. we'll talk about that and other weather happening, including julia, later on in the program. colorado's focus on firefighting is shifting north from boulder to loveland. crews say 100 homes may be threatened by wildfires burning proportion of your income used on trsportation, food, reating, things you need. the lower you are on the income scale the more you are likely to do with a tax cut than the higher you are in the income scale. if you earn $250,000 a year you don't use all that money generally speaking unless you're not all that responsible on heating and clothing and housing, all that kind of stuff. yeah. that's true. the lower you are the income scale, the more likely you are to use. i have to remind everybody. outside loveland. two homes have gone up in flames. full containment expected today. fire destroyed 166 homes last week. we are watching what's hot on line, ines ferre surfing the web. > 25 years of tv, oprahof kicks off her final season. she's got surprises, and i mean lots of surprises, and also fm awacom, who wore it best at last night's vma awards? we're not talking about adding a tax cut. talking whether you keep your tax cut or lose it. i don't know that everybody will treat that as a windfall, just t losing a tax cut. >> let's see wh they say. ali, see you at theu top 69 hou. thanks, buddy. >> all right. we want you to be part of the conversation if you have a question for ale on the economy reach out to us on facebook, twitter and my blog, cnn.com/tony. so how much are the tax cuts we're talking about here, and
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how long have they been in place? josh levs is crunches numbers on that. what the taxre cuts would smea your current budget. >> surprising for you based on what we were talking about last hour. first people basic examples. a thing called the tactical clate e tactical calculator. here's ourar friendly avatar couple. a couple examples from them. income is it about $57,000. ton of the variables. imaginary example, and taxes around $3,500 right now, if the couple thousand.y would go u a which is a lot for a couple making $57 a year. >> yes. >> no one's talking about that happening. the president and republicans want to keep that tax cutn place. a rlile higher here. together $106,000 and then it goes up about $3,000, if that
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expired. still, when you m've got two peopleaking $50,000 each what america.sider middle class in that's a big chunk of change pup don't want to see that go away. now, you were xsh xsh. >> josh, josh, joh, doctor ybef go, trying to get back in the light. the middle class, the range between $35,000 and $60,000 for a family, isn't that the range for the middle class in america? if you're making0, $100,000, you're doing pretty well by middle class standards. right? >> they call that high, but understanding, because there's no official definition what the middle classs in america. i was reading about this from factcheck.org. you're describing the middle of the middle. >> right. go ahead. >> people watching right now who are a couple where one's makings 60,000, one's making $40,000, theye pt feeling wealth pip screaming at the tv,mi hello. we're middle class. yes, doing a lot better than the
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hundreds of people in san bruno today are wabing up surround bide the devastation. they were allowed toeturn to the san francisco suburb yesterday for the first time since friday's deadly gas line fire. ted rowlands joins us now from san bruno. i really want you to describe what people there are waking up to this monday morning but i know you have a guest with you. middle of the middle. >> what if you make 251? >> right. >> the reason, having income isn't the same as adjustable income and then having the taxablincome - >> oh, lord. >> all of this comes into play. look at the friendly avatar tcouple. when went to the tax kale c calculator it found taxes they would pay pob about the same under president obama's plan. >> reporter: yeah, tony, we have christopher rt, vice chairman of the ntsb, lead agey into the investigation into this explosion which took place last week, and, obviously, you guys are focusing, mr. hart on this piece of pipe. we saw a chaunk of it, if you will, get o hauled out of hre this morning. what can you learn from analyzing that pipe? we will take the pipe and those adjacent to it on both ds to now, people will see that and say, what? over 250 it goes up. it does, but there are also otr factors that change, including the widening of one of these tax brackets. we have a story tt talks about a sweet spot. a surprise tax cut with the almost rich. >> for the almost rich. some people, some people out there who will actually come out ahead under president obama's plan. a lot of people over $20$0,000
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our metallurgy labs where we will try to determine what caused the breach of the pipe. >> reporter: what people are concerned about across the country is thathese transmission lines are everywheremiles and miles of them, and having this blow the way it did, and its age, should people beconcerned about the future in the coming years and decades about the ianstructure and this possibly happening more frequently? >> one of the systemic issues will see taxes go up. big picture. how will the amount of money the government's getting change? in one way, millionaires making a lot of money. current taxes, $5,000. looks what happened. jumps up to $645,000. anothe $70-plus thousand dollars. one place the government would collect a lot more money. that's where you get in the debate what is best for the country? the government to try to spend i n certain ways? we'll look 'in addition to the elated to this r event is the fact that pipelines -- it's not uncommon that pipelines that were installed many years ago ex-as this one t was in 1956, they we in areeas that weren't densely populated, and since then they have becomepo densely n populat. we need to lookt that in the macro picture we're addressing with this accident. >> reporter: have you found anything of note in the days and weeks leading up to this, particularly reports of people that's the debate right there. >> well, the government wouldn't necessarily have to spend that money. they could apply it to the deficit. >> which would be nice. >> thanks, josh. >> hope that helped. still to come, ever heard of fracking? some people say the procedure is contaminating their drinking waters. the cnn special invest gration unit will explain. back in 90 seconds. chase a large to accommodate their family. matt was a star from start to end.
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smells gas? are those accurate, and reports that there was some construction on top of that area? what can you tell us about? f >> we didn't find any contemporaneous construction but we will look not just over the weeks, but years, has 37 been construction that could have contributed to the problem. also we're following up on ople who said they smelled gas and called it in. we have not been able to verify he took care of us. he'll take care of you. we always like to follow up with clients and make sure that they know we're tracking their loan for them, and if there's something that makes more sense for them, we c present that as an option. the surprise was that there were no surprises. they have great technology, but they have people like matt. that's what makes the difference. it's an opportunity to help clients achieve the american dream. that's why i love quicken loans! ♪ i just wish that all of the important information was gatred together in one place. that. if you smelled gas and called it in, let authorities know so we follow up on it. >> reporter: mr. hart, thk you. tony, bacally, the investigation is ongoing, and the let'sby has said it may take months before they come to a final conclusion in terms of a final report but they will update the public once they do find anything that is of note to this explosion that really has lot of people nervous especially [ printer whirs ] done. ♪ thanks. do you work here? not yet. from tax info to debunking myths, the field guide to evolving your workforce has everything you need. download it now at thinkbeyondthelabel.com. has everything you need. this site has a should i try priceline instead? no it's a sale. nothing beats a sale!
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here but around the country. >> that takes care of where we are in e nvestigation. if you would, describe the scene and what people in the neighborhood are getting up to and waking up to today. >> reporter: yeah. it's hard to -- we alwu ays say you have to be here to appreciate it. that really is the case here because literally the area where this explosion moved forward, it flattened 37 houses basically in an instant, and we came in yesterday with a family that was here when it happened. wrong move! you. you can save up to half off that sale when you name your owi price on priceline. but this one's a deal...trust me. it's only pretending to be a deal. here, bid $79. got it. wow! you win this time good twin! there's no disguising the real deal. they shared some amazing home video. a gentleman was out on i his porch, and it really makes you step back when you see the intensity of the flames in the video and gout on his porch after and look at the aftermath. basically, people are coming back to their homes. the ones that are comi back, their homes are intact,as but their neighborhood as they knew it, obviously, is completely blown away. >> ted rowlands in san brew know, california, thank you. getting a job is certainly tell you something, a growing problemld sweeping the sports world. it is a random moment of the day worth further examination. the tennessee titans' mascot, a ravenous raccoon by the name of t-rac devores -- look at this. a cheerleader. the in-game snack came in the fourth quarter of the titans smashing the oakland raiders.
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hard forert evyone in this economy but for one group in particular, it is especially difficult. the market's open for coming up on two hours now. we are in positive territory. how object that for a monday? we are following these numbers for you throughout the day in the cnn newsroom. uh-huh! it's just the way you like it-- made with wholesome grains, real beef, even carrots and peas. you love the smaller-size, easy-to-chew kibbles, 38-17. several other cheerleaders have faenll l victim lately to masco. we will keepocumenting their appetites. in your random moment of the day. >> that's not right. and i love the carbohydrates for energy and protein for muscles. whoa! wait for me! ha-ha. you only think you're getting spoiled. [ woman announcing ] beneful incredibites. another healthful, flavorful beneful.
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key lime pie, pineapple upside down cake. no, i've actually lost weight... [ female announcer ] lavors at around 100 calories eac [ wife ] babe... i gotta go. [ female announcer ] yoplait, it is so good. got to tell you it is not something many of you will be familiar with, but it could impact us all. today in upstate new york the environmental protection agency is holding a public hearing on the highly controversial process of hydraulic fracturing or fracking. the hearing over the drilling technique for natural gas production is drawing in aarge crowd, both pro and con. drew griffin of cnn special investigation's unit introduces us to folks in pennsylvania who say fracking is dangerous. >> reporter: phil aly's pure well waning he and his family have been dnking for nearly 50 years is now full of methane gas.
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studies suggest there is still discrimination ag minorities when employers hire, an if you're black, male and have a criminal record, getting a job is even tougher. stephanie elam found some state and local governments trying to change that but for many, it is still an uphill struggle. >> here's the basketball. >> reporter: gene mace knows all too well what a criminal record can do to a job search. once the top of his class in high school, he dropped out of college and began selling coke he's sick of telling people about it, so now he just showse th. >> i'm not going to -- the lid will blee right out. try it. >> whoa. looks like -- you scared me.e >> you're really lucky. >> what just happened? >> that's just the gas went down. d blowing out the hose. i turn it up and the water blocked that, it will burn a flame off the top. >> reporter: the gas bubbles through his well. to support his habit. >> once i started dng stcocaine, it just shot straight to thes o as far as my priority list. >> reporter: in 1989, he went to jail for drug trafficking and served his time, paid his dues. >> october the 7th, 1997, and that's the day that i got clean. >> reporter: flash forward a decade, now married and a father, he was studying to become an electrician to better >> you can seenow,ou can't see even the hose in the bottom of that. because that's all sas. >> it was atne time clear. >> clear. crystal clear. >> reporter: it steams off like alka-seltzka alka-seltzer's in in his chicken coop he can show you the flame. what's causing this? people in eastern rural pennsylvania, like others, he has been fracked. this area is seeing a boom in the natural gas business, because of a geological formation known at the marcellus
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provide for his dfamily. >> i did something they said had never been done and that was get 100 on each one of the 12 tests. >> reporter: despite this, the city of cincinnati revoked its electrician job offer. >> the city looked at gene and saw that he had two felony convictions in his past and said, therefore, you can't work for the city. it didn't care about his rehabilitation, didn'tare that he was rarched numbercl one in s class each of the five years of shale and a drilling process called hydraulic fracturing. fracking, as it's known, drills doin and sideways into the massive shale rock that lies thousands of feet low, injecting mostly water an some chemicals, which cause many earthquakes. that ck fractures the rock, releasing clear, odorless, floating gold. natural gas trapped inside the marcellus shale. the training program. >> reporter: singleton successfully fought to get cincinnati to ban the box.il employers are still free to ask the question later in the hiring process. the point is to give ex-offenders a chance at an i interview. >> it's giving people a fair shot. to compe te for jobs where they're qualified. >> reporter: so this box issue, is it for of an issue for people of color, for black men? hundreds of trillions of cubic feet worth. enough to supply the northeast for decades to come. greg and julie say they, too, are being fracd. >> i'm going play a little th devil's advocate with you. that's a little why they say they're doing this. because this is clean fuel? >> it's not clean. it's a fossil fuel.co any fossil fuel, coal, oil, gas, is -- they don't see the dirty side. this is the dirty side of natural gas. it's clean to bur butt it's no
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>> statistics bear out that if you're a person of color, you are more likely to be the focus of the police, you're more likely to wind up. the criminal justice system. >> reporter: this summer, connecticut banned the box on state job applications while massachusetts and hawaii ban all employers from using the b. massachusetts state representative james miss miceli is against softening the laws. clean to get. >>eporter: pennsylvania's department of environmental otection confirmed it andin is e now forcing the gas exploration company cabot oil ando gas, to truck in clean drinking water. though cabot denies its process contaminating anything. citing a 2004 epa study whh found only a minimal threat to underground drinking water and told cnn, we don't believe the process is contaminating the >> i want everybody to have all of the information regarding someone's criminal record they can get. >> reporter: but victor garcia, a professor of surgery and pediatrics in ohio believes there's a direct correlation between une loymenop and the young people who end up in his emergency rom. >> chronic joblessness is a direct cause for the growth of the illegal or informal economy and with that is culture of gunshot wounds. >> reporter: now clean for ground water. as a technology it's proven in safe. they don't buy it. he wants to be paid for a house that now has a methane relas stack in his front yard. >> to keep itrom blowing up. yes. >> reporter: and a neighborhood, he says that is sometimesd fogge in with methane mist.
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nearly 13 years, mace works for a transit company but he never did get that electrician's job. >> oeay a felon, always a felon, and so that's what generally leads a person back to the life of crime because they feel like once they committed a crime, that.it's no use now. what i hope can come out of this is that those same individuals that were thinking like that can now have a sense of hope. >> stephanie elam joining us t with more on the story. this is a tricky question. >> will this become ghost town some day? >> maybe. i certainly don't want to live here anymore. >> drew griffin joins us. drew, i'm trying to put this story -- it's dramatic stuff -- into a context that i can handle here, because it seems to me a lot of this comes down to money. talking about two groups of people here. people who were paid for their land to, for this process to take place. >> right. >> right? >> rht. >> high don't drink the water, right? >> everybody gets paid. these people got paid $2,500 an there are so many unemployed people in the united states right now. why should we careve about peop who haven't also livede along te raight and narrow, above board? >> reporter: right, and i think that's a lot of what people are going to think when they look at a story like this or look at someone like gene mace, but i think the thing you should take away is thatth pple won't definitely get the job but give them a chance.y acre to lease their land. one-time payment, plus royalties. a lot of money involved here. they are small landowners, so they don'tet aotan of money and certainly not worth it if you live in and cannot use your water anymore. the basics is, this was going to be a big boom for a lot of these people in these depressed areas, add that's what'soing on in new york, tony. that a lot of big landowners who see big payments comes want frack. they want this exploration that has to come out of the ground.
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if they do get a job and stay out of a life of crime, they are more likely to pay taxes and help the urban core come in and make it better. d paying into a system so many of us are paying into anyway. would help out that way and reduces crime if less people are getting ou of the circuit of going back into crime and jail and into the underbelly of finding money a different way. >> makes sense. fightg a financial crisis number one, they don't drink the water. two, many, maybe, don't live there, but the warning is from the people who live there. go slow. be carel, because right now they turn on the tap, gas is coming out of their faucets. >> wow. good stuff. thanks, drew. when we come back an update on hurricane igor. now a category 4 storm. we willit check in with chad myers. he is tracking igor and tell us where it is and where it's heading. from the polls, this october, cnn asks,debt a bigger problem than racism? almighty debt, a black in america special coming in october. checking top stories now, a new york imam, feisal abdul rauf talking in detail about his islamic detail center pland mere ground zero. he says it is closer to a strip our job is to listen and find ways to help to workers who lost their jobs to the spill. i'm iris cross. we'll keep resting the jobs, tourist beaches, and businesses impacted by the spill. we've paid over $400 million in claims and set up a $20 billion independently-run claims fund. i was born in new orleans. family still lives here. i'm gonna be here until we make this right.
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club than ground zero. he adds moving the project would only energize radicals. >> lt there be no mistake, ladies and gentlemen, islam g rejelks the killing of is sent people. terrorists violate the sanctity of human life and corrupt the meaning of our faith. in no way do they representur religion, and we must not let them define us. >> the man accused of trying to blow up an airplane on christmas tdd# 1-800-345-2550 no more $2, $3 fees. tdd# 1-800-345-2550 no more paying to access your own money. tdd# 1-800-345-2550 it'd be like every atm in the world was your atm. tdd# 1-800-345-2550 the schwab bank high yield investor checking(tm) account. tdd# 1-800-345-2550 zero atm fees. tdd# 1-800-345-2550 a great interest rate. tdd# 1-800-345-2550 no minimums. tdd# 1-800-345-2550 the biggest thing in checking since checks. tdd# 1-800-345-2550 open an account at 1-800-4schwab or schwab.com. day is in court. there may be a plea deal for this man. the young nigerian tried to set off explosives in his underwear on a flight. in mexico, police say sergio villarreal is in custody, the second allegeded kingpin captured since august when police nabbed the american knn as la bar buy. okay pap bit of breaking neing into s cnn. we're learning from sources in washington that capitol hill police are having evacuate the areas around the house chambert including the galleries on the thd floor and if you're familiar with the building, the galleries. th's where tourists go to view the house chamber. the house press galleries on the
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my mom, my buness partner, that's my wife... look, you've got people. chances are, state farm has them too. see, state farm insures more drivers than geico and progressive combined. 40 million drivers, more savings and discounts of up to 40%. so talk to your neighbors. then call an agent at 1-800-state-farm or go onlin [ jeff ] my wife called again, then there's my neighbor. [ cellphone rings ] hold on. it's my daughter. hey, schmoopie woopi! third floor also evacuated. so we're going to follow this. the house floor is closed right now. and the hou has not scheduled to be in session until 2:00 p.m. tomorrow. we don't know why the evacuation has been ordered but we'll keep anye on this situation and talk to our folks on capitol hill and get an update soon. soon as they have additional information, right here on the "cnn newsroom." let's get to chad myers. as promised, chad is tracking hurricane igor. what are the particulars, sir? ooh. [ laughing ] hey, schmoopie woo...pie. yours? really? it's been our dream sice we were kids. uh, that long, huh? why not? mcdonald's really supports entrepreneurs. they spend over $5 billion dollars... with businesses in communities like ours. you two really know your stuff. we'veone our homework! time for breakfast. mom! not in front of the customers. wake up! wake up! - i ju st had the st amazing dream! - me too! wake up! wake up! look at that. >> 150 miles per hour. and you notice, maybe i can help you out a little bit. draw it up here. i'm going to try todraw. as horizontal a line i can. it tries to even go a little south there in th pa couple of hours, away from that line. it hasn't made that big turn that we hope for. you know that turnthat's always forecast that sometimes happens a ttle too late? like the last one? although it finally did turn, 80
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opportunities inspiring big dreams. mcdonald's. miles soon enough. we're talking 150. 145, 135, and then, yes. there'the bottom side of what could be the cone. here the's quick turn side. i don't see that happening. it's still going to the south. maybe the south side or left side of this cone for a while, but every single model, ony, turns it off to the right. that's goo pd. look at picture from the space station. this is live. if want to go to nasatv, help you get on your cable system. that's what it looks like, comes right into our routers he at cnn. an amazing picture of a category 4. okay. 156 is a category 5. we're at 150. can you tell the difference? >> no. >> okay. neitheca wn i. i thought i was standing as 150 mile-per-hour, you told me it was 156, i would believe you. that thing isd wrapped up. big waves across the east coast,
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by are getting breaking news. one way or the other. we don't think this hits the u.s. at all. >> look at that picture. available where? y if you want to go on -- >> logging some of the lowest grades on the nation's report card. there may about solution, or evolution that's adding up to more high school graduates. it's what we're talking about in our "what matters" segment. making math fun in the motor city. an airplane with more than 45 passengers and crew has gone down about 45 minutes ago in venezuela, and no immediate information on casualties or survivors. we're getting this from venezuelan global vision reports, and that the crash happened in southern venezuela. we have pictures yet, but we will continue to follow developments on this and get you >> reporter: detroit may be trying to reen vent itself, but when it comes to educating its children, the word struggle onl begins to describe the situation. almost every kid has to walk through a metal detector, just take a walk to school. >> one of my students said, he and his friends prepared themselves what tome do if somebody puts a gunn your face. >> reporter: only tr59% of detrt public school students graduate from high school. right now the school system is
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information and do some mapping on this as soon as we can. let' get to rob marciano now. the fire threats in colorado has moved north of boulder and we'e n tking about loveland. what are the conditions in that area. >> that's dramatic stuff what's gooning in loverland. it is dry but we don't expect a ton of wind. this isabout 30 miles north of where that boulder, colorado battling a $363 million budget deficit. >> start it off. >> 3 plus 3. >> reporter: as despera at the situation may , two wayne state university professors found success inspiring detroit kids. >> clap three times! >> reporter: of all place, a math camp. >> remember, you want to play mathematics up here you better keep it simple.ep okay? got to keep it -- >> reporter: in 1991, with a few kids at first, they started math corps a free six-week program fire was, the four-mile fire. now those assets are being transferred north to fight this blaze where there are 100 homes threatened, already 1 home lost. they have all of the assets that they have on hand to battle that. not a lot of -- there's not any big weathermakers happening across the lower 48. we didave heat in the south, montgomery, alabama, 99, columbus, orgia, 98. for youngsters grades seven andh up. what's different? complex and often scary mathrm problems transformed into teen challenges. >> that's perfect. >> reporter: the curriculum creates an environment for supporting others, it's central to learning. >> we have a support system. we support people like this, and when they get it right, we agree. makes them feel happy when they turn around and see all these people agreeing with them. >> reporter: math corps now accepts 500 students per year. they come from different
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this happened after a cool front passed through the area. it the air cooled down after that. let's toucon julia because i didn't talk about this last hit. 40-mile-an-hour winds. probably become a hurricane, probably be a fish storm. so, bye bye. we are looking at egor, a category 4 storm. if you get in ser,clo weather backgrounds, different abilities. noonly to learn but also to teach. >> kids teaching kids works so unbelievably well, because it's not kids teaching kids. it's kids caring about kids. >> reporter: and the proof is in the numbers. 90% of students who complete math corps graduate from high school. d 80% go on to college. >> the fact that you have them on a college environment -- at a geeks unite, that is just a thing of beauty. oh, my goodness, beauty in the eye of the beholder. i say enthat with enthusiasm because th'sat the track and we're hoping this becomes a fish storm. it's too early to fell that will pan ou but, right w, at least, we want it to turn north. >> tracking toward the northern young age -- i'm rry. i'm going to lose it, but -- you're worsomething. you're worth this. >> we believe we cannot just change the school system, but change you know, the city in a fundamental way. >> so positive. i want to run that story every day. and to read more stories that matter to all of is, pick up the latest issue of "essence"
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leeward islands? is that okay? >> it's going to make that turn. hasn't made that turn ye days four and five, the margin of error gets big. >> i'm trying to show you i listen. >> did you today. that's impressive. a new documentary blows the whistle on america's broken education system. [ male announcer ] let's throw down some style. magazines on newsstands now. you never want at view like this from your backyard deck. >> holy [ bleep ]! what the [ bleep ] is that? was that a plane crash? that is the video -- can you believe that? the natural gas pipeline explosion near san francisco. the investigation shifting into high gear. style that lasts a lifetime. what do you say we get the look we want, the soft feel we need, ♪ [ female announcer ] good friends never run out of things to talk about... and during endless shrimp at red lobster, you can keep the conversation going over endless servings of your favorite shrimp. from classics like garlic shrimp scampi and decadent shrimp pasta... to s new creations, like crunchy parmesan shrimp. our best value of the year, endless reasons to get together. during endless shrimp, right w at nod lobster.
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president obama saysit's time to pay tribute to historically back colleges and universities. today we kick off ak weehe highlighting the historic st hbcus playa major role in education. he pledged support and challenged the schools to bill on their achievements. >> you've made it possible for so we're trying to get additional information to learn why the evacuation was ordered. don't have that yet, but as soon as weg do we will pass it along tsto you. crews outside boulder, colorado, wildfire ntain a today. it destroyed 166 homes. the new concern is this blaze burning near lovelandi. that's about 40 miles north of i boulder. firefighters say about t100 homs may be a rick there. already two homes and several other buildings burned s as the millions of people to achieve their dreams and gave so many young people a chance they nerve a chance that nobody else would give them. and that's something to celebrate and that's something to be very, very proud of. more now on our weeklyocus fixing our schools. a newocumentary headed to a theater near yew sheds light on system. kareen wynter ports that the goal of "waiting for super man" fire spread over 700 acres. california is directing pg&e to inspect its entire natural gas pipeline system. a blown out section of pipe from the san bruno explosion. let's go washington for forensic analysis. showing us scary home video from the incident and tells us me people got a chance to go home sunday for a few brief moments. >> holy [ bleep ]! what t [ bleep ] was that? >> this incredible home video
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is to inspire reform.os >> youost people get a crappy education? >> i know they are. >> reporter: davisa guggenheim has a message for america. >> if we don't fix our public schools for everybody, we're in trouble. >> rorter: the 46-year-old hdirector knows how to get his message across. his last film earned $50 million at the box office, won an oscar an sparked an international debate over global warming. was captured moments after the explosion. from a house balcony just behind the blown gas pipe. a >> was that a plane crash? >> reporter: the voice you hear lobengs to walter mckathry. one hand on his video camera, the other on his phone telling his wife not to come home with their three children. this is the view from that deck now. walter and hisife were allowed unday afternoon to their house for the first time since the explosion. >> just looking at all of this. his new film "waiting for super man" could do the same thing for public education. he met us at sun dance where his movie was first acquired by a major studio. >> the system we bui does well for adults, the unions and bureaucracy and parents but not for the kids. >> reporter: the film follows the lives ofive children as they wait for th nr umbe to be called in a lottery to determine which kids get into the best i mean, i -- i saw all of this from the news, but being here and, the first timeoming up here and looking at all this it was just - no words. i can't really explain. >> reporter: teams are still sifting through ash searching for remains of people still listed as missing. asrn investigators try to learn what cauelosion, questions have surfaced about the section of pipe that blew. a pg&e document outlining costs to replace the pipe says "the
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schools. an eye-opening movement for i guggenheim. >> i drive past three public schools to get my kids to a private school. as i drive by them, i know we're not doing enough for every kid. >> reporter: education reformer jeffrey cana and billionaire bill gates cnn they paerped in the film because of their concerns. >> we have a school day that's too o t, year that's short, and lots of teachers who should not be teaching children. likelihood of a failure makes the risk of a failure at this location unacceptably high." that doesn't mean pe thought there was a chance the pipe could explode. but mark toni, executive director of the consumer watchdog group utility reform network says it's important if reports that residents smelled gas before the explosion are true. >> nobody, pg&e included, could have imagined something as horrible and terrible as the san unbro blast and fire as >> reporter: and to offer solutions for the future. >> today the internet gives you the opportunity toct watch the best lectures in the world. they're out there for free.dv if you take advantage of thosee resources, can be broader and deeper than kids in my generation were. >> we rank 25th in math and 21st in science, and in almost every category we have fallen behind. >> when i watch these things, you have to have skepticism. happening, but the fact remains that when pg&e got the reports of gas leaks from several customers over several days, they should have realed that this was an area that was old, that was at high risktifynd identify it as high risk. >> reporter: federal officials leading the investigation are looking into the reports about the smell of gas in the days before the explosion, and how pg&e responded.
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>> reporter: jay fernandezm fro reporter sa super man has more to do with inspiring change than assigning blame. >> the film makers and stud 84 are hoping that this doesn't just spark a public debate but reform. >> reporter: fernandez says his greatest concern is that meev goers built might keep them from buying a ticket. >> i know this is out there but do i want to go and stick my face in it because i then have >> we would sw anybody who says they smelled gas and called it in to let us know. >> reporter: the m ckathrys pla to move back when they're sure it's safe to do so. their home suffered minor dama.gee their neighborhood will never be the same. and, tony, they are still working and searching the debris area for possible remains. there are four people that are missing. over the weekend, it was originally six. two people showed up, but four are unaccounted for. to either do something or i'm a total schmuck. >> reporter: hoping to avoid this problem, the film struck deals with corpora sponsors to donateundreds of thousands of dollars in books and school supplies for every 10,000 people who see the film. this way everyday people can be the super heroes public schools are waiting for. >> it takes goo examples to say, yes, we can do this. >> reporter: kareen wynter, cnn, they're searching for the remains still, even today, and it's unclear when the peop that actually lost all of their homes will have an opportunity to come back and see their probabili property, because their homes are completely obliterated. >> thank you. an engineer and his wife sick of going through layoffs cash in their 401(k) to start their own business. >> we thought that youknow, that this was the best way to
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los angeles. > tom joyner is announcing a new initiative to enhance online education. this could be really really big. he joins us to talk about that tomorrow right here on cnn. after 25 years, weekday afternoon tv will never be the same. oprah winfrey shutting it down at the end of the season. invest into our future. >> we'd alwa talked about ideally wanting to have au famy business some day. you know, wouldn't it be great? >> launching a business after 30 years in the corporate world. we will show you how the phelps are doing it. ry pricelinetensad? >> no it a sale. nothing beats a sale! wrong move! you. you can save up to half off that sale when you name your own [ tires screech ] [ engine revving ] [ drums plang ] price on priceline.th but this one's a deal...trust me. it's only etending to be a deal. here, bid $79. got it. wow! you win this time good twin! there's no disguising the real deal. ♪ [ male announcer ] every business day, bank of america lends billions of dollars, to individuals, institutions,
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how about this? the end of an era. ines,er if ray, how are folks reacting to this? >> well, toy marks the final season of the oprah winfrey show and you know it's going to be a good show today if you have john travolta on there. i wanted the touro be on television. how's everybody? all right. you tell maria i need a little work out of her today! all right, everybody, get you to cnnmoney.com, the best finanal website on the web pup see the big story. wall street bets big on republicans. let's see. other items of note here. just go to the latest news column here and look here. a lot of news. that's important about the economy right now, the team does a terrific job. right here, cnnmoney.com. we want to show you avolta and winfrey walking on stage. she said, i have a big surprise for everybody. take a look at what we are going tohow you with 300 people in the audience. we're going to australia! >> you a stral gentleman, whoa! >> australia, she's taking everybody toat australia! that's posted on her website jack, it's big board, the numbers. new york stock exchange. off session highs but still in positive tritory. up 41 points. the nasdaq, three hours into the tring day, up 30. got to tell you, this is a story that i think there are a lot of lessons. five layoffs decides to ch a in retirement and start fresh with his wife as hi business partner. look at this dty, do it
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oprah.com and last night we were at the vma awards, and we asked stars what they thought about oprah's last season. take a listen. >> i'm very, very, very sad that -- i felt like she has raised families, you know what i mean, and i feel like she has so much to -- people should really, really applaud her for the work at she's done. >> what is it going to be like without oprahn the afternoon? >> i don't know. i don't kn if the sun will yourself. there are lessons here. >> reporter: for the first time in their 29-year marriage, steve and kathy phelps share t heir morning commute to work because after all of these yeares they both wok for the same company. their veryown. >> we'dbo always talkedy about ideally wanting to have a family business some day. wouldn't it be great? >> reporter: after 30 years of working in corporate america, steve a product design engineer got fed up with the corporate life. come up? spin?he world who knows? i don't know. >> last season? where have i bee are you serious? >> i got to get on that show before it's over? >> i never get to be on oprah? no, no, oprah, please. listen, before -- please, i'm begging you on icnn. if i can just go on and wave to your audience, that's all i want to do. >> now, when she announced that this would be her last season, she said 25 years flt right, he was sick of watching his friends get firened and nervously waiting for the other shoe to drop. >> through my career, five layoff, four, five layoffs. >> reporter: during this last recession the 51-year decided enough is enough. >> at this point, at our age, starting over again loas not something we were looking forward to doing again. >> reporter: so he took control of his own destiny. la year in the middle of the recession, the plps decided to cash in their entire 401(k) worth $50,000 and formed their
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the perfect number, exact time, so on january 1st, oprah heads over to her own network. >> she's got her own network? >> yes. >> that's pretty big. ines, appreciate it. taking a look at top stories. the boh called underwear bombe is due in court. for the first time since january, his attorneys may be talking abt a possible plea deal. he faces six charges for allegedly trying to set off a own company. it is a decision they made twhe watching their nest egg shrink >> when we saw that much gone of it already, you almost get an attitude, like we don't have much else to lose. >> reporter: they named the business afterthemselves. phelps innovations designing products to make people's lives easier. something steve was already an expert at, having work for 11 years at a well-known household products company. he used his expertise in bathroom product design and took it on the road. it's a product inspired by the bomb on a flight into detroit last christmas. the largest appointment of new hampshire guardsmen and women are packed and ready for operation new dawn.d they are expected to arrive in kuwait by november. they will provide logistics and beef up safety for personnel coming in and out of iraq. 32 passengers are safe after their tour bus caught fire on an oregon highway. the bus driver noticed smoke dumpinfrom the dash. couple's road trips and dirty restroom stops i. think everybody at one point in their life has been to a bathroom where you were missing y something. >> the potty pack. what this does, tains eight feet of toilet paper, folded toilet paper, flushable personalelight. >> reporter: he tried to pitch the product h in his old job bu his enemployerdidn't see a profitel margin. the phelps this it uge.ll be hu.
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married for 30 years, a couple takes their partnership to a whole new level by going into business together. >> we balance each other. i can't do what he does. he weren't do what i do. he can't do paper work, and he is not organized in that area because he's more creative. >> yeah. running business when you're sharing the same bed. it's my diy economy series next hour. >> bill gates worked for ibm and propos the idea. he said we don't see a market for that. don't see that many personal computers and -- i think they made a mistake. >> reporter: kathy does the books, takes care of the taxes and comes up with creative prodnduc names. her husbanddoes the hands-on designing. together they assemble the products and the world's shortest assembly line and what is mostly an empty warehouse. >> got an income that keeps the lights on here and at home. at's good. >> reporter: the phelpsi teamed up with an your doors writer and designed a series ofwaterproof fishing guides. once again, going with their theme of making life easier for people. b >> we've been out fishing, i can never remember how to use the lure. >> reporter: his latest project -- a new type ofharcoal chimney that heats up the coals then drops them without any mess. these are just prototypes for now. he's got a patent pending. so far six stories carry their products, but they theme of
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something much bigger. >> we don't want it to be just a family business. we want it to truly be something that produces pducts that really make people happy. >> the phelps advice for anyone thinng of launching a business, a small business administration was a huge help for them both in helping them secure a loan and getting their ssne plan in place. just go to sba.gov to get more information. we're back in a moment. you're in the "cnn newsroom." my joints ache so bad, i wake up in pain every day. i want to know why. i want to know why my hair is falling out. how did this happen? how did this happen? th a little pain in my knee. that's how it started.
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with the rest of the class. the all new chevrolet cruze. starting under $17,000. get used to more. ♪ time now for your cnn equals politics update. our deputy political director paul steinhauser joins us live from d.c. what is crossing right now, paul? >> reporter: tony, brand new, you know what, probably arguably the most interesting and bitter senate race in the country, the shoot-out in nevada between harry reid and sharron angle backed by a lot of people in the tea party vement. a brand new poll shows the race deadlocked. his is after both sides put up tons of campaign commercials attacking the other candidate. sharon wants to knock hum out.
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look at this, also brand new this morning on thecnn political ticker. biden and clinton to help out joe sestak. right now, in pennsylvania, the foermer president up there helping out sestak, the two-term congressman from southeastern pennsylvania. he knocked off in the primaries arlen spect, thso clinton is up there helping him today, and jol biden, the vice president, will be there later today to help sestak raise money. polls indicate that sestak is trailingt toomey. they want to hold onto this seat if they can in pennsylvania. not even on the ticker yet, so you get the story first, p delaware, that senate primary tomorrow getting even uglier, between mike castle, long time republican and a moderate republican versus christine o'donnell backed by the tea party suppress. theyat are demanding that the state party chairman in delaware let's gets you caught up on top stories now. anyi airplane carrying at least7 passengers and crew crashed in venezuela. cnn lrned half are in a hospital right now with various injuries. we'll keep you informed as soon as we learn more about the survivors. the estimated number of violent crimes committed in the country has declined for the third straight yearee according to number rees leased by the fbi today. property crimes also droppedor the seventh straight year and the largest employment of new
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step down. they say he isl attacking o'donnell an pd the tea party express. the chairman says, hey, thanks a lot, but you guys are an outside group. butt out of our applications. >> love the energy, paul. appreciate it. your nt political update in an hour. for the last political news, you know where to go, cnnpolitics.com. updating you on the plane crash in venezuela. hampshire guardsmennd a women since the second world war are headed for "operation new dawn." the brigade expected to arrive in kuwait by november, provide logistics and beef up security for personnel coming in and out of iraq. >> lots of support from new hampshire. from the family, and everybody. it's wonderful. >> i thinkso it's awesome to ha a part of my family in the military. politics and wall street, they just steam to go together. don't they? reuters is reporng at least 23 people have survived the crash and are being treated for injuries. the plane had 47 passengers plus crew members on board. it happened in southern venezuela. the flight was bound for margaritisland, a popular tourist destination. 23 survivors being treated for various injuries. let's get you to a break. our senior political editor will tell us who business is betting on in the upcoming midterm elections. at purina one, we want your dog to be as healthy ahepossible.
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let's get you to cnnmoney.com. your source for financial news. look at the lead s story here. wall street bets on the gop. this election, more financial firms and business groups favor to the nate for responsible politics. our own cnnmoney.com writer that the story post and cnnpolitics.com. take a look at this really interesting stuff. focus here in washington, d.c. what house democrat, doing, tony, to try to win in november. look at this story. your colleague, alison hard hag up. gone to cyber space trying to convince voters, tony that they have the goods, that they have the ideas to stay in the majority as we all know house democrats up against the fence ♪ you won't regret it at all! ♪ check the legal y'all. >>offer applies with enrollment in triple advantage.® okay. time for your cnn equals politics update. cnn senior political editor mark preston is on the best political team on television. he jn liverom d.c. good to see you. what's crossing right now? >> tony, looks like wall stree is hedging its bets on november. sending millions of dollars to republican candidates according
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donating two republican campaigns over democratic ones. okay. that's the lead story. a bunch of other items under latest news for to you check out. cnnmoney.com. our money team doing a trick job as usual today and every day. let's get you to the big board. new york stock exchange, the dow in positive territory. i think slightly off session highs, still in good shape. up a 61 points. nasdaq, 34 points follong these numbers throughout the right now, tony, as they are trying to win re-election, and then let's just talk about my tip sheet for the week. what a week in olitics, tony. what a crazy week in politics. we have seven states holding primaries tomorrow including the district of columbia. eight total. competitive races in new hampshire, in delaware. here. i d.c., theayor is up against the wall and, of course, charlie rangel,ni embattled represent niv harlem a tough contest. a lot of questions for mr. day. confidence appears to be back on wall street, at least for the day. we'll check in five minutes. global officials say there is a plan to prevent another financial crisis. on the floor of the exchange, this is a bit ironic. remind us here what happened on the street? what? two years ago this week? >> reporter: exactly. safe to say, tony, wall street will never forget that week. it's when lehman brothers collapsed when bank of america bought merrill lynch when aigut rangel up there. >> for sure. >> focusing on down, the rnc kicks off a 48-state bus tour on wednesday, tony. on thursday, it looks like we're gearing up for 2012, because on friday the value voters summit happens. socialo nservatives come to town. they'll hear from the likes of mitt romney, mike pence, rick santorum. somebody we won't hear from,
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got its first bailout and the treasury department pumped hundreds of billions of dollars into the economy. the new rules proposed agreed to so far are looking to prevent a repeat performance. i'm talking about what happened over the weekend in bil, witsland. li swidlands. new banking rules. banks forced to have a bigger rainy day fund. more cash on han djust in case ntheconomy take as turn for the worse. now, these rules have been sarah palin. on friday night, in iowa headlining a major fund-raiser for the iowa republican party. talking 2010, also talking 2012, tony. >> terrific stuff. good to seeyou. thank you. your next political update coming in one hour. for the latest political news go to cnnpolitics.com. you may remember kanye west's rant at last year's mtv video music awards show when taylor swift was in the spotlit, right? back last night for this year the awards, and we'll tell you agreed to, but each member of these governments have to still approve the rules. tony? well, tighterules iv banking. might at have a negative impact op the economy. >> reporter: it could. banks need a loan. more cash on the side because of these requirements, less money tooan out, and this could mean higher interest rates. more fees. this could affect mortgages, commercial loans and credit cards, but the flip side of this is that consumermay not feel what happened. plus bring you what's hot from the web. host: could switching to geico really
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the impact for years because the banks don't have the to be compliant until the year 2019. also, smaller banks may feel more impacted than bigger banks like bank of america or jp morgan chase. they've been expecting this, putting more cash into reserv and also boosted their profits. let's hope by the time the banking rules really get going that the economy will have fully recovered. tony? >> nice. very good. tellal n athe knuckleheads not walk in front of you -- >> business here, tony. >> got it. > some of the stories we' working on, hundreds gathering right now to speak out against a controversial technique to tap the earth for natural gas. hear from residents who say fracking is poisoning their water supply. and from making a marriage a business work what ist like doing a start-up with your partner? next in the "cnn newsroom." save you fifteen percent or more on car insurance? was abe lincoln honest? mary: does this dress make my backside look big? abe: perhaps... save you fifteen percent or more on car insurance?really host: is having a snowball fight with pitching great randy johnson a bad idea? man: yeah, i'm thinking maybe this was a bad idea.
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oh, so when's the big day? oh, we got married years ago. but the point is, i fit in it. well, good for you. [ male announcer ] progresso. you gotta taste this soup. let's see here. here with what's hot online. you're online, we, too. what's trending, what's hots? >> check out the outfits first. >> from the viode music -- everyone sings dances. all right. good, good. >> som lady gaga going on, and feevger bieber. >>nd -- >> can we go a day without her in the program? okay. is that it? >> snooki. >>. other ones here. usher. >> all right. >> and --
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>> classy. usher looks good. >> katie pery, a lot of passgers as well. >> what do i know. >> next, kanye west, remember last year -- >> yeah. the award that went to taylor swift should have gone to nc>> beyonce? >> was very drunk saying that. then, a slew of apologies. so this year -- >> both there? >> they both were there. he's saying she also saying -- >> he doesn't sing. he raps. okay. >> okay. >> and -- >> good .point. and she's saying sang a ballad. and we want to play some of that for you. >> hmm. >> and it's -- says -- >>♪ just wait and see your string ever lights is ill bright to me ♪ >> she says you'll have new septembers every one of us hav messed up, too. >> wait. she sang a song to ye, for kanye? referencing kanye?
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>> yes. a song reference be kanye. >> and i forgive you? that's old. that's a jeer ago. >> i know. both of them have really been -- he's been tweeting about it. >> he has? >> going on a year. much talked about at this vma award. >> this next one is from a game in morocco. a tournament. want to show yoo. the video. it's unbelievable. the play off the penalty kicks, and -- you'll see that the -- >> he gets the stop. >> gets the stop but then it -- >> oh, no, no. top sp on it, keeps rolling through. >> just rolls through. >> so the goalie is thinking, we've won. >> yes. >> gets up, he's like, okay. i did that. >> and then -- yeah. and it actually -- and so they got, the guy thorat -- >> time for the gaga and meat? >> this is unbelievable. this outfit is, lady gaga with an outfit that looks like it's meat. a lot of people have been commenting online about it. ellen degeneres actually
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interviews her. >> looks like a slab of meat on her forehead. >> i don't want that to move. got to go. update a quick story. told you about the evacuation at the capitol. the all-clear has been given. update the story in a couple of minutes. you're in the "cnn newsroom." copd doesn't just make it hard to breathe... it makes it hard to do a lot of things. and i'm a guy who likes to go exploring ... get my hands dirty... and trnew ings. so i asked my doctor if spiriva could help me breathe better. spiriva is the only once-daily inhaled maintenance treatment for both forms of copd... which includes chronic bronchitis and emphysema. spiriva keeps my airways open... e be to help me breathe better for a full 24 hours. and it's not a steroid. spiriva does not replace
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fast acting inhalers for sudden symptoms. stop takinspiriva and call your doctor right away if your breathing suddenly worsens, your throat or tongue swells, you get hives, have vision changes or eye pain... or have problems passing urine. tell your doctor if you have glaucoma, te problems passing urine or an enlarged prostate... as these may worsen with spiriva. also discuss the medicines you take... even eye drops. side effects include dry mouth, constipation and trouble passing urine. i'm glad i'm taking spiriva everyday because breathing better is just better. ask your doctor if once-daily spiriva is right for you.
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so at the top of the hour we told you about the evacuation orred for the house chamber, capitol hill, third floor
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gallery ordered evacuated. just given word the all-clear sounded. emergency over. the all-clear sounded. a simple blood test may be a strong indicator of a man's rick for developing prostate cancer according ta a new study from the american cancer society. g whether men should get that blood test is still up for debate. senior medicalorrespondent elizabeth cohen explains why. >> tony usually when we talk about cancer we say, i want every test i can get. i want to know if rime going to get cancer. prostate cancer, however is a bit different, and here's why. it's very likely that when you get screen for prostate cancer the doctor will find something very small, very slow growing that will never kill you, but nce you find it, you yo doctor might feel comple treat 2 it. in that case the treatment can cause impotence, incontinence and other problems'sthe new study out of europe a large y,, asked the question, is it okay to screen once when a man is around 55 years old? and if okay, stop doing w
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screenings? here's what they found. f you screen 25,000 men at around age 55 and they have a nice, low psa, if you rescreen them all later in life, you will save one life, and on the other hand, cause many, many moreen
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